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August 7, 2020 Comments Off on Tampa Multifamily Property Trades for $7M Views: 979 Central Florida, Florida News

Tampa Multifamily Property Trades for $7M

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CBRE has arranged the $7.2 million sale of Tampa Commons Townhomes, a 42-unit multifamily property in Tampa. Located at 5709 Las Ventanas Drive, the community was built in 2008 and is currently 100% leased. The unit mix at the community consists of two-, three- and four-bedroom floorplans.

Cameron Barbas, Francesco Carriera and Matthew Valeri of CBRE represented both the seller, Tampa Commons Seaboard, and the undisclosed buyer in the transaction.

“Rental collections remained consistent until closing with that of pre-COVID collections,” said Valeri. “New ownership will benefit from a light value-add program to unit interiors and rapidly growing sub-market which will result higher rent rates.”

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